“The UK Government needs to utilise the tools at their disposal to increase investment in green homes and incentivise decarbonisation,” said Sarah Hunter, non-executive director of public policy at the Advanced Research and Invention Agency (ARIA).
Octopus Energy’s generation arm has partnered with Legal & General Capital to invest £70 million in UK ground source heat pump manufacturer, The Kensa Group.
The Department for Energy Security & Net Zero’s (DESNZs) Green Heat Network Fund (GHNF) has awarded £91 million between seven low carbon heating projects.
Rising heat pump demand could see the UK Government’s flagship Boiler Upgrade Scheme (BUS) run out of vouchers as early as 2024 – months before it’s original end date in March 2025.
According to the latest data from the Microgeneration Certifications Scheme (MCS) there were over 60,000 small-scale renewable installations in Q1 this year – the highest performing quarter since Q4 2015.
A campaign has been launched to reach 30,000 certified heat pump installers (of which the UK is roughly 28,500 short) by 2028 and address the nation’s troubling green skills shortage.